If you need to send or receive money from the Bihar Gramin Bank branch in Banda, Samastipur, Bihar, understanding its Indian Financial System Code (IFSC) is crucial. This unique eleven-character code acts like a digital address for the bank branch. It is essential for all electronic fund transfers in India, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, your transactions cannot be processed, ensuring your money reaches the intended bank and specific branch without error.

Bihar Gramin Bank Banda IFSC Code

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Banda
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3917
Branch Address	Banda, Samastipur, 848208
Contact Number	9955997822
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848208
State	Bihar

Merger Update

Bihar Gramin Bank is the result of a significant merger in the regional rural banking sector of Bihar. Previously, there were two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have now merged to form a single, unified entity known as Bihar Gramin Bank. This integration streamlines operations and provides a consistent banking experience across the region.

As part of this merger, all branches of the former UBGB and DBGB now operate under the new unified IFSC code prefix: PUNB0MBGB. This means that for the Banda branch of Bihar Gramin Bank, the valid IFSC code is PUNB0MBGB06. It is critical to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are now revoked and are no longer valid for transactions. To ensure your fund transfers are successful, always use the new, unified IFSC code.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in electronic funds transfers. This code is crucial for directing your money to the exact bank and branch you intend. It ensures that your funds are transferred accurately and securely.

The structure of the IFSC code is specific:

• The first four characters are alphabetic and represent the bank’s name. For Bihar Gramin Bank, this is “PUNB” because it is sponsored by Punjab National Bank.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters are alphanumeric and identify the specific branch. For the Banda branch, these are “MBGB06”.

Therefore, for the Bihar Gramin Bank Banda branch, the IFSC code PUNB0MBGB06 clearly identifies it within the Indian banking system.

How to Use IFSC Code

You will need the IFSC code whenever you perform electronic fund transfers using services like NEFT, RTGS, or IMPS. Here’s a simple guide on how to use it:

• Gather Beneficiary Details: Before initiating a transfer, you need the beneficiary’s full name, bank account number, bank name, and the correct IFSC code of their specific branch.
• Initiate the Transfer: Log in to your net banking portal or mobile banking app. Select the option for fund transfer (NEFT, RTGS, or IMPS).
• Add Beneficiary: If you are sending money to this person for the first time, you will need to add them as a new beneficiary. You will enter their name, account number, bank name (Bihar Gramin Bank), and the IFSC code (PUNB0MBGB06).
• Verify Details: The system will often automatically populate the branch name (Banda) once you enter the IFSC code. Always double-check all details, especially the account number and IFSC code, to prevent errors.
• Enter Amount and Confirm: Specify the amount you wish to transfer and confirm the transaction. The IFSC code ensures your money is routed correctly to the Bihar Gramin Bank, Banda branch.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the branch of the person you are sending money to, offers several important benefits:

• Ensures Accuracy: It acts as a unique identifier, making sure funds are transferred to the precise bank and branch, minimizing the risk of misdirected payments.
• Mandatory for Electronic Transfers: The IFSC code is a compulsory requirement for all electronic fund transfer systems like NEFT, RTGS, and IMPS, enabling seamless digital transactions.
• Speeds Up Transactions: By accurately directing funds, the IFSC code helps in faster processing of inter-bank transfers, reducing the time it takes for money to reach the recipient.
• Reduces Errors: A correct IFSC code significantly lowers the chances of human error in manual processing, ensuring reliability in financial transactions.
• Unique Identification: It provides a specific digital address for each bank branch, which is essential for the modern banking system.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank Banda branch, you can use the following contact details:

• Branch Phone Number: 9955997822
• Branch Address: Banda, Samastipur, 848208, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about Bihar Gramin Bank and its IFSC code:

Q1: What is Bihar Gramin Bank?
A1: Bihar Gramin Bank is a Regional Rural Bank (RRB) operating in Bihar. It was formed by the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. It is sponsored by Punjab National Bank, meaning PNB supports its operations and provides guidance.

Q2: Is the Bihar Gramin Bank Banda branch still active?
A2: Yes, the Bihar Gramin Bank Banda branch is fully active and operational. Its valid IFSC code for all electronic transactions is PUNB0MBGB06.

Q3: Can I use an old IFSC code for Bihar Gramin Bank branches that were previously part of Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A3: No, after the merger that formed Bihar Gramin Bank, all old IFSC codes belonging to Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. You must use the new, unified IFSC code starting with PUNB0MBGB for all electronic transactions to any Bihar Gramin Bank branch, including Banda.

Q4: What information do I need to transfer money to a Bihar Gramin Bank Banda account using NEFT/RTGS/IMPS?
A4: You will need the beneficiary’s full name, their Bihar Gramin Bank account number, the bank name (Bihar Gramin Bank), and the correct IFSC code for the Banda branch, which is PUNB0MBGB06.

Q5: How is Bihar Gramin Bank related to Punjab National Bank?
A5: Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank. This means PNB provides financial, managerial, and other support to Bihar Gramin Bank, which is a common arrangement for Regional Rural Banks in India.